Charter execs see benefits canada goose outlet toronto factory of deals but in no rush

(Reuters) Canada Goose Outlet Time Warner Cable incoming chief canadian goose jacket executive Rob Marcus said on Monday he is in no hurry to sell the company, while Charter CEO Tom Rutledge, a potential suitor, said the smaller company sees benefits in growing through acquisitions.

Rob Marcus, CFO of Time Warner Cable, poses after speaking at the Reuters Media Summit in New York, December 1, 2008. REUTERS/Brendan McDermid

Speaking canada goose coats at an investment conference hosted by the bank UBS, Marcus said his job as CEO will be to do what is best for shareholders. He said he would be open to selling the company only if a deal benefits investors.

or not Time Warner Cable will participate in M is and always has canada goose outlet store locations been, whether as Canada Goose sale a buyer or seller, 100 percent driven by what in buy canada goose jacket cheap the canada goose replica best interest of our shareholders, Marcus said.

Time Warner Cable is the subject of takeover speculation and is being circled by suitors such as Charter Communications Inc, Comcast Corp and Canada Goose Online privately held Cox.

Charter CEO Tom Rutledge cheap Canada Goose said later at the UBS conference that Charter does not have to do an acquisition to grow, but there are major opportunities Charter can pursue once it reaches a larger scale. Charter has been speculated to become an industry consolidator since cable billionaire John Malone took a 27 percent stake in the company in the spring.

If Charter was able to become larger through an acquisition, Charter would save on programming costs, could create a national advertising product, and expand its telecom services, Rutledge said. It might also develop Internet video streaming canada goose store products, known as canada goose coats on sale services, he added.

Rutledge did not comment directly on merger speculation regarding Time Warner arconserve Cable but did acknowledge that low Canada Goose Parka interest rates create the best situation he seen to borrow large sums of money.

Charter has a market value Canada Goose Jackets of about $13 billion, much less than Time Warner Cable $37 canada goose clearance sale billion, and would need to raise a large amount of debt to finance a deal.

Rutledge said his favorite acquisition targets are the ones canada goose clearance that he can turn around, such the cable company Bresnan, which his company bought for $1.62 billion from Cablevision earlier this year.

bigger opportunity in most M that I interested in canada goose black friday sale is the opportunity to operate and to unleash the full power of these networks, by unburdening them of analog signals, and standing up products that work the marketplace and growing the business, Rutledge said.

Charter is converting its analog 2018 canada goose outlet video signals to digital which frees up bandwidth to provide other services such as broadband Internet. Time Warner Cable networks are not canada goose all digital yet, while Comcast has made the full transition to digital.

CONSOLIDATION BENEFITS While Time Warner Cable Marcus refrained from discussing the takeover speculation at length at the conference, he did say in a question and answer session there would be general benefits to consolidation in cable, such as eliminating overhead and reducing programming and infrastructure canada goose costs.

Marcus said he is to fixing the company residential business, which has suffered major declines over the past few years, while also expanding the business services unit. He forecast business services would grow to $5 canada goose deals billion in revenue over the next four to five years.

He buy canada goose jacket said the recent hiring of Dinni Jain as chief operating officer was an example of an improvement to Time Warner Cable management team. Jain was a top executive at Canada Goose online Insight Communications when Time Warner Cable acquired that company last year. He takes up his new post on January 13.

Marcus is currently Time Warner Cable COO and president and takes over as CEO on January 1.

Comcast does not plan to make a pre emptive bid for the company but could jump in if signs emerge that much smaller rival Charter, which has been pursuing Time Canada Goose Coats On Sale Warner Cable for months, is getting close to a deal, sources have said.

This story was refiled to correct attribution of quote in the third paragraph to Marcus, not Rutledge.